Market Size of Polyisobutylene (PIB) Industry
| Study Period | 2019-2029 |
| Market Volume (2024) | 1.24 Million tons |
| Market Volume (2029) | 1.68 Million tons |
| CAGR (2024 - 2029) | > 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Polyisobutylene (PIB) Market Analysis
The Polyisobutylene Market size is estimated at 1.24 Million tons in 2024, and is expected to reach 1.68 Million tons by 2029, growing at a CAGR of greater than 6% during the forecast period (2024-2029).
- The market was negatively impacted by the COVID-19 pandemic as there was a slowdown in production and mobility wherein industries, such as adhesives and sealants, lubricants, etc., were forced to delay their production due to containment measures and economic disruptions. Currently, the market has recovered from the pandemic. The market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.
- The major factor driving the market studied is increasing demand from the adhesives and sealants industry.
- On the flip side, the instability of polyisobutylene, being non-UV resistant, is hindering the growth of the market.
- Polyisobutylene, as a substitute for wool fat in stuffing agents for the production of leather, is expected to offer various opportunities for the growth of the market.
- Asia-Pacific region dominates the market globally, with the most substantial consumption from countries like China, Japan, South Korea, and India.
